[167 Pages Report] Aircraft Health Monitoring System Market analysis & forecast report categorizes global by IVHM Technology (Prognostic, Diagnostic, CBM & Adaptive Control), Sub-System (Aero-Propulsion, Aircraft Structure, Avionics And Ancillary System), Fit, Type & Region.
Pune, India -- (SBWIRE) -- 08/30/2016 -- The aircraft health monitoring systems market (AHMS) is estimated at USD 3.43 Billion in 2016, and is projected to reach USD 4.71 Billion by 2021, at a CAGR of 6.53% from 2016 to 2021. The objectives of this report is to analyze the aircraft health monitoring system market along with the statistics from 2016 to 2021 as well as to define, describe, and forecast the aircraft health monitoring system market on the basis of IVHM technology, sub-systems, type, fit, wing structure (commercial aircraft health monitoring system market), aircraft type (fixed wing), and region. The year 2015 is considered to be the base year for aircraft health monitoring system (AHMS) market study. 2016 to 2021 is considered as the forecast period.
Browse 95 market data Tables and 95 Figures spread through 167 Pages and in-depth TOC on "Aircraft Health Monitoring System Market - Global Forecast to 2021"
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On the basis of type, the aircraft health monitoring systems market has been segmented into commercial and defense. The commercial segment in the aircraft health monitoring systems market is projected to grow at the highest CAGR during the forecast period, due to the increase in tourism, rise in the disposable income of the middle-class population among others.
On the basis of fit, the aircraft health monitoring system market has been segmented into line fit and retrofit. The line fit sub segment in the aircraft health monitoring system market is projected to grow at a higher CAGR during the forecast period.
The diagnostics segment led the aircraft health monitoring system market in 2015
In terms of IVHM technology, the global aircraft health monitoring systems market has been segmented into diagnostics, prognostics, and condition-based maintenance & adaptive control. The diagnostics segment led the overall market, and is estimated to exhibit a similar trend during the next five years, due to the increase in maintenance, repair and operations for an aircraft.
The avionics segment is estimated to grow at the highest CAGR during the forecast period
The global aircraft health monitoring systems market, by sub-system, has been segmented into aero-propulsion, aircraft structures, avionics, and ancillary systems. The avionics segment of the aircraft health monitoring systems market is estimated to grow at the highest CAGR during the forecast period, among all sub-systems. The growth is attributed to the increasing demand for advanced avionics from the airline industries.
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The aircraft health monitoring system market Europe region to grow at the highest CAGR during the forecast period
The aircraft health monitoring system market in the Europe region is expected to grow at the highest CAGR between 2016 and 2021. Factors such as passenger traffic growth and increasing aircraft deliveries are fueling the aircraft health monitoring systems market growth in this region.
Airbus Group (Netherlands): One of the key players in the aircraft health monitoring systems market
The other major players in the aircraft health monitoring systems market are the Boeing Company (U.S.), United Technologies Corporation (U.S.), Honeywell International, Inc. (U.S.), and General Electric Company (U.S.).
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